Epack Durable IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Epack Durable

CMP

187.35

+5.00 (2.74%)

  • DRHP
₹230

Offer Price

₹ 640.05 Cr

Issue Size

₹ 14,950

Min Investment

16.37x

Times Subscribed

65

Lot size

Time Line

  • 19
    Jan 2024
    Open
  • 24
    Jan 2024
    Close
  • 25
    Jan 2024
    Finalisation of Basis of Allotment
  • 29
    Jan 2024
    Initiation of Refunds
  • 29
    Jan 2024
    Transfer of Shares to Demat Account
  • 30
    Jan 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Expanding its existing product portfolio, including our RAC and SDA components product portfolio.

  • Continue to drive operational efficiencies through expansion of its integrated manufacturing capabilities and continued investment in its R&D infrastructure.

  • Increase wallet share with existing customers and continued focus to expand its customer base.

  • Further explore initiatives to strengthen control over its supply chain.

Products & Services

  • Epack Durable Limited manufactures room air conditioners ("RAC") and small domestic appliances ("SDA"), and its components.

Strengths

  • Long-standing relationships with established customers, with potential to expand its customer base.

  • Among the key manufacturers in the fast-growing room air conditioners ("RAC") and small domestic appliances ("SDA") manufacturing industries.

  • Advanced vertically integrated manufacturing operations with product portfolio aimed at capturing the full spectrum of the RAC and SDA value chain.

  • Robust product development and design optimisation capabilities.

  • Experienced Promoters supported by senior management team with proven track record of performance.

Risks

  • A significant portion of its revenue is generated from certain key customers, and the loss of one or more such customers, the deterioration of their financial condition or prospects, or a reduction in their requirement for its products could adversely affect its business, results of operations, financial condition and cash flows.

  • The company customers do not make long-term commitments to it and may cancel or change their production requirements. Such cancellations or changes may adversely affect its financial condition, cash flows and results of operations.

  • The company`s business is dependent on its manufacturing facilities, and its subject to certain risks in the company manufacturing process. Any slowdown or shutdown in its manufacturing operations could have an adverse effect on its business, financial condition and results of operations.

  • If the company is unable to introduce new products and respond to changing customer requirements, including due to changing customer preferences and regulatory requirements in a timely and effective manner, the demand for its products may decline, which may have an adverse effect on its business, results of operations and financial condition.

  • The company RAC business is subject to seasonal variations and cyclicality that could result in fluctuations in its results of operations.

Company Promoters

Promoters Holding

Issue For IPO
42.90%
Pre Holding

42.90%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 924.16 (25.50%) 1,538.83 (66.50%) 14.68 (-)
Gross Profit 924.16 (25.50%) 1,538.83 (66.50%) 14.68 (-)
Net Income 924.16 (25.50%) 1,538.83 (66.50%) 14.68 (-)
Assets 924.16 (25.50%) 1,538.83 (66.50%) 14.68 (-)
Liabilities 924.16 (25.50%) 1,538.83 (66.50%) 14.68 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Epack Durable Ltd 1,538.83 31.97 841.32 546.52 14.68 6.14 56.59 1.39 0.62
Amber Enterprises India Ltd 6,927.10 157.20 6,243.32 6,243.32 8.23 46.66 579.94 2.51 0.70
PG Electroplast Ltd 2,159.95 77.47 1,508.17 1,508.17 19.56 33.77 174.09 5.13 1.37
Dixon Technologies (India) Ltd 12,192.01 255.52 4,679.43 4,679.43 19.88 42.92 215.72 5.46 0.14
Elin Electronics Ltd 1,075.43 26.80 734.17 734.17 5.43 6.29 102.89 3.65 0.16

Book Running Managers

  • Axis Capital Ltd
  • Dam Capital Advisors Ltd
  • ICICI Securities Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

61-B Udyog Vihar Surajpur,
Kasna Road Greater Noida,
Gautam Buddha Nagar - 201306
Phone : 91-120-2569077 Email : investors_ed@epack.in www.epackdurable.com

Offer Related Information

Initial public offering of 27,828,351* equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 230 per equity share (including a share premium of Rs. 220 per equity share) ("Offer Price") aggregating to Rs. 640.05* crores ("Offer"). The offer comprises a fresh issue of 17,391,304* equity shares aggregating to Rs. 400.00 crores ("Fresh Issue") and an offer for sale of 10,437,047* equity shares ("Offered Shares") aggregating to Rs. 240.05* crores,... More

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